AUDJPY

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on the 4h we can see numerous confluence. Lets start from a previous descending wedge that was strongly broken to the upside, we have now seen a change of trend and now in the exhaustion phasem currently touching and retesting the previous trend line and key area of 4h support. We can also se a nice A,B,C,D pattern forming. I appreciate the Aussie is weak at present but technicals on this time frame show a nice potential long with a very good risk reward.